David Marcus: From PayPal to Facebook/Meta to Building on Bitcoin and the Lightning Network

David Marcus is the CEO and co-founder of Lightspark, building core infrastructure on the Lightning Network. Most recently he led Meta’s payments and crypto efforts. In 2018, David started Diem (fka Libra). He joined Meta, then called Facebook, in 2014 to lead Messenger. Previously, he was PayPal’s President. A lifelong entrepreneur, Marcus launched two companies in Europe, then founded mobile payments company Zong in Silicon Valley, which was acquired by PayPal in 2011.

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🗒️ IN THIS EPISODE:

0:00 Intro, Swan Bitcoin, Bitcoin 2024 promos
1:52 Growing up in Paris, Switzerland; family lost everything
4:22 Started working in banks, telecom
7:41 PayPal, Meta, Facebook mobile payments
13:18 Discovering Bitcoin
16:30 Bitcoin's energy use
23:01 Parallels between internet and Bitcoin, Lightning
26:05 Payment infrastructure
28:44 "Openness changes power structures"
30:22 What is the Lightning network?
38:17 Bitcoin as store of value, Lightning as currency
39:03 "Spend your fiat, save your Bitcoin"

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Natalie’s website https://talkingbitcoin.com/
Lightspark https://www.lightspark.com

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Producer: Aron Bender   / aron-bender  

DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional. #bitcoin #cryptocurrency #money